Objective Capital Management Llc owns $3.34 million in Microsoft Co. (NASDAQ:MSFT)

VaselineAugust 25, 2024

0 4 minutes read

Objective Capital Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,931 shares of the software giant’s stock after buying an additional 311 shares during the period. Microsoft makes up 2.3% of Objective Capital Management LLC’s portfolio, making the stock its 8th biggest position. Objective Capital Management LLC’s holdings in Microsoft were worth $3,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MSFT. Friedenthal Financial bought a new position in shares of Microsoft in the fourth quarter valued at approximately $45,000. Richardson Capital Management LLC boosted its holdings in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Microsoft during the fourth quarter valued at about $58,000. Bellevue Group AG boosted its holdings in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the last quarter. Finally, PayPay Securities Corp raised its stake in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the period. 71.13% of the shares are currently owned by institutional investors and hedge funds.

Insider trading at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. 0.03% of shares are held by insiders.

Analysts set new price targets

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A number of research analysts have recently commented on the stock. Morgan Stanley decreased their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. New Street Research started coverage on Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. BMO Capital Markets lifted their price objective on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Bank of America upped their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Citigroup dropped their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $494.72, based on data from MarketBeat.com.

Read the latest stock report on MSFT

Microsoft stock performance

NASDAQ:MSFT opened at $416.79 on Friday. The company has a 50-day moving average price of $435.06 and a 200-day moving average price of $422.82. Microsoft Co. it has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The firm has a market cap of $3.10 trillion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23, and a current ratio of 1.27.

Microsoft (NASDAQ:MSFT – Get Free Report ) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s revenue was up 15.2% compared to the same quarter last year. In the same period last year, the company earned $2.69 per share. Equities research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft dividend announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date is Thursday, August 15. This represents an annualized dividend of $3.00 and a dividend yield of 0.72%. Microsoft’s payout ratio is currently 25.97%.

Microsoft company profile

(Free report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft viva and Microsoft 365 copilot; and consumer office services, such as Microsoft 365 consumer subscriptions, on-premise Office licensing, and other office services.